By Lal Singh Mumbai is home to the Central Bank of India (CBI), a public sector bank in India. Contrary to its name, the Reserve Bank of India serves as India’s central bank. Mumbai, India is home to the Central Bank of India, which was established in 1911.
Central Bank of India – Quick Overview
| Particular | Details |
| Bank Name | Central Bank of India |
| Type | Public Sector Bank (Government-owned) |
| Industry | Banking & Financial Services |
| Founded / Incorporated | 21 December 1911 |
| Founder | Sir Sorabji Pochkhanawala; first Chairman Sir Pherozeshah Mehta |
| Headquarters | Mumbai, Maharashtra, India |
| MD & CEO | Kalyan Kumar (as of late 2025) |
| Owner / Promoter | Government of India (Ministry of Finance) ~93% shareholding |
| Core Services | Retail banking, corporate banking, treasury, MSME & agriculture loans, digital banking |
| Products & Services | Savings & Current Accounts, Deposits, Loans, Cards, Internet/Mobile Banking, Digital Payments |
| Branch Network | ~4,500+ branches across all 28 states & 7 UTs |
| ATMs / Digital Platforms | Wide ATM network + internet & mobile banking platforms |
| Area Served | India (nationwide) |
| Market Position | One of India’s oldest nationalised commercial banks |
| Employees | ~33,000+ |
| Historic Significance | First Indian commercial bank wholly owned & managed by Indians |
| Notable Innovations | Pioneer in early banking services (credit cards in 1980s, rural schemes) |
| Official Website | centralbank.bank.in |
Net Worth and Market Cap
The market capitalization or net worth of the Central Bank of India is INR 328.66 billion.
Corporate leadership
The Central Bank of India, the first commercial Indian bank entirely owned and run by Indians, was founded on December 21, 1911, by Sir Sorabji Pochkhanawala, with Sir Pherozeshah Mehta serving as chairman. Malladi Venkat Murali Krishna and Mahendra Dwarika Prasad Dohare are the bank’s Executive Directors, and Kalyan Kumar is its MD and CEO.
Overview of Services
The company provides deposit products, such as current and savings accounts, time deposits, fixed deposits, recurring deposit plans, and small savings plans; and loans, including micro, small, and medium-sized business loans, housing, vehicle, property, personal, senior citizen, education, and agricultural loans.
The business also provides corporate loans, including project finance, infrastructure funding, financing to infrastructure investment trusts, short-term corporate loans, advances, working capital facilities, export finance, line of credit, foreign currency loan, non-fund-based facilities, bills purchase/discount/negotiation facilities, and facilities to other industries.
In addition, the company offers protection and retirement solutions in addition to life, general, and health insurance products, such as unit linked, children, whole life, endowment, pension, health, money back, property, personal, travel, fire, engineering, burglary, motor, package, and group insurance products.
Operational Scale
It uses an extension counter, satellite offices, branches, and ATMs to run its operations. In addition to cash management, mutual funds, depository, mobile and online banking, and ATM services, it offers credit, debit, and prepaid/gift cards.